Nic Carter's words are quite poignant: The worse in 2025 is not because of any black swan, but because — no one cares about crypto.
2022 was bad, but at least the whole world was watching crypto. The declines back then could still be blamed on catalysts, events, or the downfall of giants.
Now? There aren't even reasons to find. AI, the seven tech giants of the US stock market, data centers, quantum computing, and rare earth stocks are the real centers of attention. Crypto is like a child left in the corner, falling without a voice, with no one asking, the market is weak, attention is gone, buying power is cut off, and the aftereffects of DAT have dragged on to now.
Does this mean the bull market is dead?
No more four-year cycles
No more alternative asset rotations
No more waiting for the wind to come
The only way to profit moving forward is:
To genuinely create what others need.
WEB3 is forced to face a reality for the first time
Without traffic as a backbone, without narratives to set the rhythm, and without capital to support your valuation.
Whether one can survive depends solely on whether they can create value.
